RBA's Bullock: We still have got a "little way to go" to get inflation down

<ul><li>We are not ruling anything in or out on policy</li><li>We still think risks are balanced</li><li>What we're really looking for is data that assures that inflation is coming back to target</li><li>We've had good news so far on inflation but it still has a '4' in front of the the inflation rate</li><li>We don't want inflation expectations to rise</li><li>Tax cuts are not a material issue for inflation and spending</li><li>We need to be sure we won't have to backtrack on inflation</li><li>I feel we are potentially on the narrow path to getting inflation back to target, cites 2.8% 2025 inflation forecast</li><li>Says confidence level on getting there is 5/10, more data needed</li><li>I'm really convinced we can bring inflation down without too much pain in the labour market</li><li>We judge risks to inflation as fairly balanced</li><li>Employment is still growing and the board, I can assume you, is very, very focused on that</li><li>We've got to be confident that we'll get to the midpoint of the target to think about interest rate cuts</li></ul><p>The Australian dollar is at the highs of the day during the press conference but it's also coming alongside reports about China helping the stock market.</p><p>She didn't strike me as hawkish.</p>

This article was written by Adam Button at www.forexlive.com.